• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 3 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Border openings, revised VIP strategy aid Donaco recovery in 1Q23

Newsdesk by Newsdesk
Mon 1 May 2023 at 00:48
Deconstructing  Donaco

Star Vegas in Poipet, Cambodia

13
SHARES
319
VIEWS
Print Friendly, PDF & Email

Southeast Asian casino operator Donaco International Ltd has reported Group EBITDA of AU$4.07 million (US$2.7 million) in the three months to 31 March 2023, reversing an AU$1.37 million (US$905,000) loss in 1Q22 following the reopening of borders near its casinos in Cambodia and Vietnam.

The first quarter result was also 129% higher than in the December 2022 quarter, with net revenues of AU$7.55 million (US$5.0 million) comparing with AU$230,000 (US$152,000) a year earlier and AU$5.30 million (US$3.5 million) in 4Q22.

Leading the way in Q1 was Star Vegas in Poipet, Cambodia – located near the border with Thailand – which recorded net revenue of AU$6.29 million (US$4.2 million) and Property Level EBITDA of AU$4.17 million (US$2.8 million). Donaco said it has “swiftly leveraged on improving tourism conditions in the region where it operates, with visitor headcount increased in the quarter.”

At Aristo International Hotel, situated near Vietnam’s northern border with China, recovery was spurred by the easing of Chinese border restrictions in January which saw the average number of players each day reach 119 versus just 12 in 1Q22 and eight in 4Q22. Aa a result, net revenues climbed to AU$1.26 million (US$833,000) and Property Level EBITDA to AU$580,000 (US$383,000) – reversing an AU$180,000 (US$119,000) EBITDA loss a year earlier.

Notably, rolling chip VIP turnover at Aristo soared from just AU$6.61 million (US$4.4 million) in 1Q22 to AU$88.23 million (US$58.3 million), with only a low win rate keeping revenues subdued.

“As part of its strategy to attract VIP visitors, Aristo implemented a change to the minimum monthly turnover to qualify as an active junket,” Donaco explained. “The threshold was reduced from RMB 6 million ($868,000) to RMB 3 million (US$434,000), facilitating the return of junket operators and leading to the accelerated traction in VIP visitors.

“Additionally, Aristo began offering some complimentary services, such as room services and meals, to larger chip players in order to encourage player activity in the casino. This initiative proved successful in enhancing the overall guest experience and contributed positively to the company’s financial performance.”

Donaco’s Non-Executive Chairman, Mr Porntat Amatavivadhana, said, “The March quarter marks a significant turnaround for Donaco, with promising performance from DNA Star Vegas and early progress from the gradual reopening of Aristo.

“After a long period of impact from the pandemic, we are pleased to see positive signs of recovery and a promising outlook for the business. The recommencement of international travel flow, particularly from Chinese tourists, is a trend that is expected to benefit our operations in Cambodia and Vietnam.

“With a solid strategy, we are confident in our ability to capitalise on these favourable developments and continue delivering sustainable growth for our shareholders over the long term.”

RelatedPosts

Konami reveals strong growth for Gaming and Systems segment despite group-wide declines in 1H20

Konami’s Gaming & Systems suffers decline in in June quarter profits on competitive environment, rising tariff costs

Fri 1 Aug 2025 at 05:44
The changing face of Macau

Melco beats forecasts again in 2Q25 as Macau resorts drive 16% increase in gaming revenues to US$1.1 billion

Fri 1 Aug 2025 at 05:08
The show must go on

MGM China reports all-time record Adjusted EBITDA of HK$2.5 billion, market share hits 16.6%

Thu 31 Jul 2025 at 05:11
PAGCOR to slash license fees charged to Philippine IR operators on online gaming GGR to new low of 25%

PAGCOR’s net income up 64% to US$188 million in first six months of 2025

Wed 30 Jul 2025 at 17:05
Load More
Tags: AristoCambodiacasinosDonaco InternationalprofitrevenueStar Vegas
Share5Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Melco awarded 20-year license to operate City of Dreams Sri Lanka

As City of Dreams Sri Lanka celebrates official opening, Melco’s Lawrence Ho says Sri Lanka “can be to India what Macau is to China”

by Ben Blaschke
Sun 3 Aug 2025 at 10:46

City of Dreams Sri Lanka, the joint venture between Macau’s Melco Resorts & Entertainment and local developer John Keells Holdings, held its Grand Opening on Saturday – celebrating what the companies have described as a “landmark national transformation”. Located within...

We’re Back!

Executive reshuffle sees RWS CEO Lee Shi Ruh named President and COO of parent company Genting Singapore

by Ben Blaschke
Sat 2 Aug 2025 at 15:26

Genting Singapore has announced the promotion of Ms Lee Shi Ruh, the recently appointed CEO of Resorts World Sentosa Pte Ltd, as its new President and Chief Operating Officer. Lee has until now served as Genting Singapore’s CFO. In a...

Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners officially terminate Queen’s Wharf Brisbane acquisition deal

by Ben Blaschke
Fri 1 Aug 2025 at 13:02

Star Entertainment Group’s Hong Kong partners have officially closed the door on a deal that would have seen them acquire Star’s 50% stake in their AU$3.6 billion Queen’s Wharf Brisbane development. In a Friday release, Star confirmed that Chow Tai...

Macau GGR up 19% year-on-year to MOP$22.1 billion in July, sets new post-pandemic record

Macau GGR up 19% year-on-year to MOP$22.1 billion in July, sets new post-pandemic record

by Ben Blaschke
Fri 1 Aug 2025 at 12:49

Macau’s casinos recorded gross gaming revenue of MOP$22.13 billion (US$2.73 billion) in July, up 19.0% year-on-year and setting a new post-pandemic record, according to information from the Gaming Inspection and Coordination Bureau (DICJ). The month-on-month rise comes largely unexpected, with...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English